Article 3K3P5 Pay is falling behind productivity – with Brexit-voting areas worst off

Pay is falling behind productivity – with Brexit-voting areas worst off

by
Richard Partington
from on (#3K3P5)

In leave strongholds such as Lancashire and Cumbria output is booming - but not wages

The British economy risks splitting further along lines drawn by the Brexit vote, according to a report warning pay rises in some parts of the country have failed to match increases in worker productivity.

According to the thinktank Localis, there has been a breakdown in the relationship between rising levels of worker productivity - a key measure of economic output per hour of work - and increases in pay and feelings of self-worth among employees.

Related: Worker productivity in north grew twice as fast as London in 2016

Related: UK prices rising faster than wages as forecasters predict inflation at 2.8%

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments